Section 25A of Customs Act, 1969 has explained Collector of Customs empowered to determine customs valuation. The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is the text of section 25A and 25AA of […]
ISLAMABAD: Following are salient features of amendments made to Customs Act, 1969 through Finance Bill, 2022. GUIDING PRINCIPLES (a) Remove anomalies in cascading structure of tariff. (b) Promote and protect domestic industry by introducing targeted interventions. (c) Rationalizing tariffs on industrial raw materials / intermediate goods. READ MORE: Budget 2022/2023: Salient features of sales tax […]
Section 25 of Customs Act, 1969 has explained valuation of goods to determine duty and taxes. The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is the text of section 25 of the Customs […]
Section 23 of Customs Act, 1969 explains customs clearance procedure for derelict and wreck consignments. The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is the text of section 23 and 24 of the […]
Section 22 and 22A of Customs Act, 1969 explains re-importation of goods manufactured in Pakistan and temporary export of imported plant and machinery. The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is the […]
Section 21A of Customs Act, 1969 has empowered Federal Board of Revenue (FBR) to defer imposition of custom duty through especial order. READ MORE: Govt. may exempt customs duty in emergency situation The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making […]
Section 21 of Customs Act, 1969 has explained power to deliver certain goods without payment of duty and to repay duty on certain goods. The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is […]
Section 19 till 19C of Customs Act, 1969 explains that government may exempt customs duty in emergency situations. The FBR issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is the text of section 19 till 19C of the Customs […]
Section 18E of Customs Act, 1969 has empowered the Federal Board of Revenue (FBR) to make changes in Pakistan Custom Tariff. The FBR issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. READ MORE: Detention of goods violating customs act Following […]
Section 18D of Customs Act, 1969 has empowered Federal Board of Revenue (FBR) to impose charges or levy for services provided for consignment clearance. READ MORE: Customs duty rates under international treaties The FBR issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance […]